Publication

Systems Engineering (SE)
2014

RISK LEADING INDICATORS FOR DOD ACQUISITION PROGRAMS

by Gary Witus; Walter Bryzik; Edward Umpfenbach; Rebecca Addis; Jerome Tzau; Kadry Rizk

Abstract

What does “exposure to risk” mean? How can acquisition programs get early warning of risk exposure? How is risk exposure related to the root causes and causal mechanisms of adverse program outcomes? How does risk early warning inform risk management? How is risk exposure related to the tradeoffs made between risk versus potential rewards? What technical and management contract data reporting requirements provide evidence of risk exposure, and how can risk leading indicators be computed? How can standard technical and management contract data reporting requirements be used to improve visibility into risk exposure? How can the magnitude of risk exposure be estimated? How does risk early warning complement traditional technical, cost and schedule risk assessment? How do risk early warning methods relate to typical proposal requirements and evaluation criteria? How are risk leading indicators related to system development leading indicators? How can risk early warning methods be verified and validated?